(By Balachander) Groupon Inc. (NASDAQ: GRPN) posted a quarterly loss and gave a downbeat revenue forecast, and shares of the daily deal website tumbled 25.08 percent in extended trading.
Net loss attributable to common stockholders was $81.09 million for the fourth quarter, compared with a loss of $65.38 million in the comparable period of last year. On a per share basis, net loss was 12 cents, same as the year-ago quarter.
Revenue rose 30 percent to $638 million. North America revenue more than doubled.
Wall Street analysts, on average, expected GRPN to earn 3 cents a share on revenue growth of 26 percent.
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Gross billings, which reflects the total dollar value of customer purchases of goods and services, increased 24 percent. North America gross billings rose 51 percent, while International gross billings gained 6 percent.
Total cost of revenue more than doubled to $282 million from $96 million.
Looking ahead for the first quarter, the company projects operating results between a loss of $10 million and earnings of $10 million on revenue between $560 million and $610 million, while analysts expect revenue of $650.3 million.
The stock, which has been trading in the 52-week range of $2.60 to $20.50, closed at $5.98 on Wednesday.